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| Author | Topic: New Focus (NUFO) |
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InvestorGuide Daily Administrator |
Shares of New Focus more than doubled in price in their debut after the fiber optics products provider raised $100 million through an IPO. (source: Yahoo) http://dailynews.yahoo.com/h/nm/20000518/tc/newipo_1.html |
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Mayor of Investorville Administrator |
Telecom company New Focus makes fiber amplifiers, wavelength management equipment, and optoelectronics that boosts the capacity and speed of networks, plus laser modules and photonics tools used in the manufacture and testing of fiber-optic gear and networks. New Focus sells directly and through distributors to optical networking suppliers such as Agilent, Alcatel, Corning, JDS Uniphase, Nortel Networks, and Pirelli. Nearly three-quarters of its sales come from the U.S. It plans to raise $86 million and go public soon, although an official date has not yet been set. (source: SEC filing) |
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